Regulatory Alerts2025-07-16
Regulation 81-102 Respecting Investment Funds
The securities regulatory authorities in Canada have enacted Regulation 81-102 to establish comprehensive rules governing the operation, structure, and conduct of investment funds. The regulation defines key terms such as alternative mutual funds, index mutual funds, and dealer managers while setting specific requirements for asset allocation, hedging, and the use of derivatives. It also mandates strict standards for custody, liquidity management, and the disclosure of investor fees to ensure market integrity and investor protection.
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